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AI steps in as private banking’s new compliance watchdog

“Artificial intelligence (AI) represents something larger than compliance efficiency — it’s about redefining what’s possible in banking,” Kelvin Chiang, head of platform and analytics, financial crime compliance, Bank of Singapore, told Asian Private Banker. Kelvin Chiang, Bank of Singapore His comments come as Singapore’s wealth management industry continues to rebuild trust after a S$3 billion money-laundering scandal two years ago….

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